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Mining Pools News

A mining pool is an association of miners that combine their computing resources to mine cryptocurrency blocks and split the reward equally, according to the contributed amount of work. Mining pools became necessary when the difficulty of proof-of-work cryptocurrency mining increased so much that it became impossible for the average miner to mine a full block. The growing difficulty led to the establishment of the first mining pools for Bitcoin. Today, Bitcoin mining pools are the most influential communities in the Bitcoin network and are the major organs that decide whether new forks should be implemented. There are also Ethereum mining pools, Litecoin mining pools and mining pools of other major cryptocurrencies that are too hard to mine alone. There are also mining multipools that switch from one cryptocurrency to another when it becomes more profitable to mine.
News
Hive aims to take advantage of the East-to-West shift in Bitcoin mining power after regulators in China have renewed efforts to crack down on the industry.
Green energy-focused Bitcoin miner Hive joins North American mining pool
Erhan Kahraman
2021-07-12T10:07:09+01:00
4532
News
Many Bitcoin miners in China are down with the blues as Beijing forces several operations to go offline.
Chinese Bitcoin miners ‘not even in the mood to drink anymore’
Osato Avan-Nomayo
2021-06-23T10:44:48+01:00
13885
Markets News
China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low.
Bitcoin price clings to $32K as on-chain metrics hint at further downside
Jordan Finneseth
2021-06-22T17:42:19+01:00
9271
News
Crypto mining pool BTC.com is leaving China after local authorities withdrew its power supply.
Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan
Marie Huillet
2021-06-22T10:52:40+01:00
16839
News
With Taproot achieving the 90% critical consensus mark among mining nodes, all is now set for Bitcoin soft fork activation later in November.
Bitcoin Taproot upgrade finally locked-in, activation set for November
Osato Avan-Nomayo
2021-06-12T13:51:50+01:00
26364
News
El Salvador accepting Bitcoin as legal tender is now forever etched on the blockchain as mining pool Poolin adds a newspaper headline to block 686,938.
Bitcoin miner Poolin immortalizes El Salvador's BTC adoption on the blockchain
Osato Avan-Nomayo
2021-06-09T16:15:00+01:00
14563
News
According to Edward Evenson, who works for Bitcoin miners Slush Pool, Chinese BTC mining machines are on the move.
Chinese BTC miners equivalent to Quebec’s output on the move: Slush Pool
Brian Quarmby
2021-05-28T07:02:40+01:00
18282
News
“Once all our miners are deployed by the end of the first quarter of 2022, our hashrate will be 10.37 EH/s, and our operations will be 70% carbon neutral, with ...
Marathon Digital plans ‘carbon neutral’ data center for Bitcoin mining
Sam Bourgi
2021-05-24T15:45:48+01:00
21721

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